EIB provides Raiffeisen-Leasing with PLN 234 million

The European Investment Bank (EIB) is providing Raiffeisen-Leasing Polska with PLN 234 million by purchasing asset-backed securities (ABS).  The European Investment Fund (EIF) is also supporting the transaction in the form of a PLN 383 million guarantee, the bank said. This is the first public ABS transaction in which the EIB Group, consisting of the EIB and the EIF, has participated in Poland. It will contribute to the further development of the securitisation market for financing small and medium-sized enterprises (SMEs) in the country. Raiffeisen Leasing is a long-standing partner of the EIB and EIF in fostering development of the SME sector in Poland. The total value of long-term financing made available to the company by the EIB Group over the past few years has reached almost PLN 2.5 billion, enabling it to finance new lease contracts with small and mid-size businesses amounting to more than PLN 5 billion in total.